Harbor Custom Development Inc. Stock Analysis HCDIQ

Harbor Custom Development is a real estate, and land development cycle including land acquisition, entitlements, construction of project infrastructure, home building, marketing, sales, and management of various residential projects. The company is headquartered in Gig Harbor, Washington and currently employs 41 full-time employees. The firm is engaged in the land development cycle, including land acquisition, entitlements, development, construction of project infrastructure, single and multi-family vertical construction, marketing, and sales of various residential projects in Washington, California, Texas, and Florida. The firm operates through five segments: Homes, Developed lots, Entitled land, Multi-family, and Fee Build. The company also provides services as fee-build revenues to construct the required infrastructure so that houses can be developed on the lots. Its multi-family construction offers comparable finishes to a new construction home, featuring quartz countertops, stainless steel kitchen appliances, an in-unit washer and dryer, and premium flooring. The company owns or controls approximately 15 communities in Washington, Texas, California, and Florida, containing approximately 517 units or lots in various stages of development.